Maruti Suzuki India Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing a Maruti Suzuki India target price for 2027 should start with where the stock sits today. At Rs 11,420.00 on 9 October 2026, it is 34.3% below its 52-week high of Rs 17,370.00 and 1.7% above its 52-week low of Rs 11,225.00. That range spans 55% from low to high, so the entry point matters as much as the Maruti Suzuki India price forecast itself.

This article builds the Maruti Suzuki India share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 11,705 base case and the Rs 14,234 bull case were reached, along with a downside risk level of Rs 8,977.

Click Here – Get Free Investment Predictions

Maruti Suzuki India Stock Analysis: Company Overview and Key Stats

Maruti Suzuki India (NSE: MARUTI) has a market capitalisation of Rs 3,52,829 crore. In FY26 it reported revenue of Rs 1,87,673 crore and net profit of Rs 14,680 crore. The table collects the figures the Maruti Suzuki India share price target is built on.

Metric	Value
Company	Maruti Suzuki India
NSE Ticker	MARUTI
CMP (9 October 2026)	Rs 11,420.00
52-Week High	Rs 17,370.00
52-Week Low	Rs 11,225.00
Market Cap	Rs 3,52,829 crore
PE Ratio (TTM)	24.61
Industry PE	23.63
Price to Book	3.29
Return on Equity	13.70%
Debt to Equity	0.00
EPS (TTM)	Rs 455.91
Dividend Yield	1.25%
12-Month Base Target	Rs 11,705
Bull Case	Rs 14,234
Downside Risk Level (not a target)	Rs 8,977

Why Is Maruti Suzuki India Share Price Target Set at Rs 11,705 for 2027?

The base-case Maruti Suzuki India stock target of Rs 11,705 applies a PE multiple of 24.61 to a forward EPS estimate of Rs 475.62. That EPS assumes 4.3% yearly growth, the pace from FY24 to FY26, and puts the target 2.5% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Maruti Suzuki India Target Price: Five Years of Results

Maruti Suzuki India grew revenue from Rs 90,074 crore in FY22 to Rs 1,87,673 crore in FY26, a compound annual growth rate of 20.1%. Net profit grew faster, from Rs 3,880 crore to Rs 14,680 crore (39.5% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	90,074.50	3,879.50	128.43	60.00
FY23	1,19,712.00	8,211.00	271.82	90.00
FY24	1,45,951.70	13,488.20	429.01	125.00
FY25	1,57,935.20	14,500.20	461.20	135.00
FY26	1,87,673.20	14,679.50	466.90	140.00

FY26 revenue growth was 18.8%, close to the four-year average of 20.1%, and net profit moved up 1.2%. EPS rose from Rs 429.01 in FY24 to Rs 466.90 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Maruti Suzuki India converted 7.8% of FY26 revenue into net profit, against 9.2% in FY25, within a five-year range of 4.3% to 9.2%. EBITDA margin was 13.9% in FY26 versus 16.1% in FY25.

In the June 2026 quarter, revenue was Rs 54,344 crore, up 34.2% from the same quarter a year earlier, while net profit of Rs 3,447 crore was down 9.1%. EBITDA came in at Rs 6,187 crore, down 5.0% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.00, and shareholders' equity grew from Rs 55,334 crore in FY22 to Rs 1,07,156 crore in FY26. Operating cash flow in FY26 was Rs 19,100 crore against capital expenditure of Rs 10,398 crore, leaving free cash flow of Rs 8,702 crore, or 2.5% of the current market capitalisation. In FY25 free cash flow was Rs 5,559 crore.

Valuation Check for the Maruti Suzuki India Stock Target: PE, Price to Book and ROE

At a PE of 24.61 against an industry PE of 23.63, Maruti Suzuki India trades in line with its industry. Price to book is 3.29 on a book value of Rs 3,408.25 per share, and return on equity is 13.70%. A PE of 24.61 equals an earnings yield of 4.1%, and the FY26 dividend of Rs 140.00 per share gives a yield of 1.25%.

Shareholding Pattern and Institutional Holding

Promoters held 58.65% of Maruti Suzuki India in June 2026, and promoter holding rose from 58.28% in June 2025 to 58.65% in June 2026. Foreign institutional investors (FII) held 12.82% and domestic institutions (DII) held 25.18%, which puts total institutional holding at 38.00%. FII holding fell from 15.20% in June 2025 to 12.82% in June 2026. Public shareholders own the remaining 3.35%. A meaningful institutional holding adds a layer of research coverage and trading depth.

Maruti Suzuki India Share Price Targets for the Short Term and 12 Months

Short Term Maruti Suzuki India Stock Target Levels: Technical Setup

At Rs 11,420.00 on 9 October 2026, Maruti Suzuki India trades below its 50-day simple moving average of Rs 12,935.24 and below its 200-day exponential moving average of Rs 13,493.80. The 14-day RSI reads 34.0, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 12,935.24 (50-day simple moving average) and the nearest support is Rs 11,225.00 (52-week low). A sustained move above Rs 12,935.24 would improve the short-term setup, while a close below Rs 11,225.00 would shift attention to the next support.

12 Month Maruti Suzuki India Target Price for 2027

The 12-month target for Maruti Suzuki India is Rs 11,705: forward EPS of Rs 475.62 at a PE of 24.61. That is 2.5% above Rs 11,420.00. It would still leave the stock 32.6% below its 52-week high of Rs 17,370.00. The upside in the base case is thin, so the thesis here leans on the bull case and on patience.

How EPS Growth and PE Multiple Change the Maruti Suzuki India Target Price

EPS Growth	PE 19.69	PE 24.61	PE 28.30
0.0% (EPS Rs 455.91)	Rs 8,977	Rs 11,220	Rs 12,902
4.3% (EPS Rs 475.62)	Rs 9,365	Rs 11,705	Rs 13,460
10.3% (EPS Rs 502.97)	Rs 9,903	Rs 12,378	Rs 14,234

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Maruti Suzuki India price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Maruti Suzuki India Stock Target in 2027

Bull Case Rs 14,234

The bull case Maruti Suzuki India price target needs EPS growth of 10.3%, which lifts forward EPS to Rs 502.97, and a PE multiple that rises 15% to 28.30. That gives Rs 14,234, 24.6% above the current price and below the 52-week high of Rs 17,370.00.

Downside Risk Level Rs 8,977

The downside risk level is not a target. It assumes EPS stays flat at Rs 455.91 and the PE falls 20% to 19.69. That gives Rs 8,977, 21.4% below the current price and below the 52-week low of Rs 11,225.00.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	10.3%	28.30	Rs 14,234	+24.6%
Base Case	4.3%	24.61	Rs 11,705	+2.5%
Downside Risk	0.0%	19.69	Rs 8,977	-21.4%

Key Risks to the Maruti Suzuki India Target Price for 2027

Growth Slowdown Risk for the Maruti Suzuki India Price Target

Revenue in the June 2026 quarter was up 34.2% year on year, and FY26 revenue growth was 18.8%. If growth slows from here, the EPS estimate behind the Maruti Suzuki India stock target will need revising.

Liquidity and Size Risk

Maruti Suzuki India has a market capitalisation of Rs 3,52,829 crore. Institutional holding is 38.00%, and promoters hold 58.65%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.

Valuation and Margin Risk

Net margin was 7.8% in FY26, so a small slip in costs moves profit noticeably. At a PE of 24.61 versus an industry PE of 23.63, a de-rating toward the downside-risk PE of 19.69 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 34.3% below its 52-week high, with an RSI of 34.0 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Maruti Suzuki India

Start with the live price and volume. Any Maruti Suzuki India share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 11,420.00 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Maruti Suzuki India's PE, ROE, debt and shareholding in one place.

Check Maruti Suzuki India fundamentals on the Univest Screener

Then compare the three Maruti Suzuki India target price scenarios with your own view. If you expect EPS growth below 4.3%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Maruti Suzuki India live price and get daily stock recommendations.

Conclusion

The Maruti Suzuki India share price target for 2027 is Rs 11,705 in the base case, with Rs 14,234 as the bull case. The support for that view is arithmetic you can check: EPS grew 4.3% a year over FY24 to FY26, and the stock trades at a PE of 24.61. The risks are equally concrete, including a stock that sits 34.3% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Maruti Suzuki India Share Price Target 2027

What is the Maruti Suzuki India share price target for 2027?

Ans. The base-case Maruti Suzuki India share price target for 2027 is Rs 11,705, with Rs 14,234 as the bull case. The downside risk level, which is not a target, is Rs 8,977. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Maruti Suzuki India share price today?

Ans. As of 9 October 2026, 3:30 PM IST, Maruti Suzuki India trades at Rs 11,420.00, up 1.71% on the day. The 52-week range is Rs 11,225.00 to Rs 17,370.00.

Is Maruti Suzuki India a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 4.3% a year over FY24 to FY26, but the stock is 34.3% below its 52-week high. Whether Maruti Suzuki India fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Maruti Suzuki India shares?

Ans. The bull case target is Rs 14,234, which assumes 10.3% EPS growth and a PE of 28.30. The downside risk level is Rs 8,977, which assumes flat EPS and a PE of 19.69. It marks a risk, not a target.

What are the main risks to the Maruti Suzuki India price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 3,52,829 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.

What is the PE ratio of Maruti Suzuki India and how does it compare with the industry?

Ans. The PE ratio of Maruti Suzuki India is 24.61 against an industry PE of 23.63. Price to book is 3.29 and return on equity is 13.70%. The base case in the Maruti Suzuki India price target holds this PE constant.

Who owns Maruti Suzuki India, and what is the promoter holding?

Ans. Promoters held 58.65% of Maruti Suzuki India in June 2026. FII held 12.82%, DII held 25.18% and the public held 3.35%.

What were Maruti Suzuki India's latest quarterly results?

Ans. In the June 2026 quarter, Maruti Suzuki India reported revenue of Rs 54,344 crore (up 34.2% year on year) and net profit of Rs 3,447 crore (down 9.1%).